In re Petrobras Sec. Litig.

JED S. RAKOFF, U.S.D.J.

Courts play a critical role in ensuring the fairness of class action settlements. One important component of this role is monitoring the intervention of "objectors," members of the class who file objections to a proposed settlement prior to the Court's determination of whether or not to finally approve the settlement. Objectors - when acting in good faith - can help safeguard the interests of absent class members. See, e.g., White v. Auerbach, 500 F.2d 822, 828 (2d Cir. 1974).1 Others, however, file objections and appeals in a bad-faith attempt to line their own…